Can I have multiple sub-accounts in multiple currencies at IBKR?

My base currency at IBKR is USD.

I would like to have an EUR sub-account where I would transfer/convert some USD (at a good broker rate) from my main account so that I could later withdraw some EUR.

Is this possible? I know at OANDA I could have as many sub-accounts as I wanted in any major currency. Is this possible with IBKR?

Thanks!

 

It is a multi currency account so sell dollars for euros and you get another line with the euro total. Transfer them out after setting up a euro withdrawal route.

 

I should have noted I have a cash account.

So I simply create a new forex order to buy EURUSD (let's say 5000 EUR with USD) and then I would be able to withdraw them?

Thanks

 

yes

 

This is actually good advise, I wouldn't depend on the Euro though.